LEADING oil and gas company, Total, has penned a Technical Evaluation Agreement with National Office of Petroleum of Guinea (ONAP) to research potential ultra-deep offshore prospects.
Located off the coast of Guinea Conakry and covering an area of 55,000 square kilometres, the deal will allow the companies an extended study period.
The terms of the agreement state that Total will have a year to assess the potential of the basin.
After the assessment period the group will then have three licences to select before they can begin exploration.
As part of the deal between ONAP and Total, Total’s staff must train the other team in exploration and production.
Kevin McLachlan, senior vice president for exploration and production at Total, said: ‘By taking this position on a new under-explored area, Total pursues its exploration strategy targeting deep offshore prospective basins.
‘Therefore, Total has the opportunity to evaluate a very large area, located in an extension of the prolific Mauritania/Senegal basin where we already are. This will allow us to capitalise on our knowhow and experience acquired in West Africa.’